Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable 2021 $ 439,844 226,770 21,200 2020 $287,480 148,315 16,731 2019 $ 232,777 121,866 15,992 2018 $ 157,815 82,386 9,232 2017 $ 116,900 59,619 8,008 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three account situation as revealed by the trend percents appears to be favorable or unfavorable. 2021: 2020: 2019: 2018: 2017: Numerator: Trend Percent for Net Sales: Denominator: = Trend percent = % = % 906 22 % = % = % Prev 1 of 1 Next